A third of investors think bitcoin is ‘rat poison,’ JPMorgan survey says

In this photograph illustration, a visible illustration of digital cryptocurrency Bitcoin (BTC) is organized on a circuit board of a tough drive.

Yuriko Nakao | Getty Images

One in 3 investors think about cryptocurrency “rat poison,” in keeping with the outcomes of a JPMorgan survey printed on Tuesday.

The financial institution mentioned that one in three investors who responded to a survey deemed crypto “rat poison,” whereas an extra 16% known as it a “short-term fad.” JPMorgan performed the survey at its twenty fourth Macro, Quantitative & Derivatives Conference on June 11.

“Investors’ view on cryptocurrency’s future is very divided, wrote Marko Kolanovic and Dubravko Lakos-Bujas, two of JPMorgan’s high strategists.

“Four in 5 (81%) investors anticipate tighter laws of crypto with virtually all (95%) believing fraud is considerably or very a lot prevalent in [the] crypto world,” they added.

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